The movie Wolf of Wall Street is one of the best movies for someone who wants to become rich and lead an extravagant lifestyle. However, the movie inspired so many people to take up Jordan Belfort’s lifestyle that it forgot to focus on other stuff like there can be numerous fake stuff going on in social media about the lives of such people who follow their footpaths.
There have been instances of people faking all the rich stuff that they buy and post on Instagram. But the truth is far from reality as seen by Elijah Oyefeso, a teenage kid who posted pics on Insta showing how lavish a life he leads by doing stock broking. He raked up millions of followers and even featured in top TV shows showing how lavish a life he leads by doing the above stuff.
He started his own company Dreams Come True as a stock brokering firm but it was soon realized that it was all fake. Yes, the firm wasn’t registered anywhere, although it raked in millions of investments and soon, the guy disappeared in thin air but was soon arrested. Later, he was released on bail and a successful appeal.
Such a nuisance is pretty common in the binary options and financial industry. With innocent investors trying all these get rich quick schemes but eventually realizing that they have lost everything. These binary traders use social media to lure victims. They post highly aesthetically pleasing ads that would catch anyone’s attention and many of them actually fall for it.
They end up clicking on the ads where they would be redirected either to a landing page promoting something that is extremely pleasing to the eyes or might end up taking you into a spoofed website of your favorite broker that you might not even realize. Such is the nuisance that many victims actually end up giving all their details on the website without double-checking the facts.
Legit websites do exist but most of them are fake. Around 80% of the binary trading brokers are fake in nature and are extremely fraudulent which might lead to many people believing that they have won a lot of money by trading with them. Actually, the traders are doing nothing but playing a game designed by them which shows that they are constantly earning money.
But the truth is far from the distant reality where in order to earn more profits, they end up depositing more money and lose everything at one go when the broker doesn’t respond to anything. Also, these sites end up being the frontrunner of identity theft where they sell credit card information to other people.
Hence, next time, when you visit a site, do make sure that it has some safe method of payment like PayPal or Stripe. One that keeps your private information safe and secure. Otherwise, you might end up providing them with vital information like your credit card details and it might lead to you being another victim of not just a binary options fraud but also a credit card fraud.
However, if you have lost money in any kind of such fraud, you can contact us at First Option Recovery. We have been dealing with scams like cryptocurrency scams and forex scams for over a decade now, and with the experience that we carry, we are bound to be the best in the business. Contact us now for a free consultation now.